[TradersCom]

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[Super Harley]

Yes we believe the Fed – they have so accurate – they have made the wealthier wealthier and the banks whole in many places – that’s right they are NOT the peoples bank which most people fail to realize.

[Assistanc3]

I think most people DO realize the Federal Reserve is not the “We the People”‘s bank – I think they just feel impotent to do anything after 8 years of being beat down.

[TradersCom]

I think a fair do who invest directly believe they are bankers and as such render them impotent but a day say the masses believe they are safe guarding them as Blarney offers.

For mine I think they are making it up as they go along!

[Assistanc3]

If the USA went bankrupt tomorrow
the military is prioritize to protect the Federal Reserve over the people

I can go full tinfoil hat on ya and breakdown what that means
the use of FEMA camps, etc but one should never go full tinfoil hat.

[TradersCom]

More comments from George today after GDP:

Appropriate to continue gradual rate hikes
Q2 was a good rebound from Q1
Economy will continue to grow over next few years
Seeing a brighter outlook for growth around the world
US economy is in reasonably good shape today

[ThePitBoss]

The Fed’s preferred measure of inflation

US August PCE core +1.3% y/y vs +1.4% expected, Prior +1.4%
Core m/m +0.1% vs +0.2% expected, Prior core m/m +0.1%
PCE deflator +1.4% vs +1.5% expected, Prior deflator +1.4% y/y
Deflator m/m +0.2% vs +0.3% expected

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